tomj2417

tomj2417 Updated 

Another UK property investment trust that has had a very good run since 2009 and which I think still has further to climb, although my 5th wave target might be a bit optimistic. My feeling is that a 4th wave correction my not be over yet and may have much further to run but that eventually this will resolve to the upside. Taking a slightly more pessimistic target...

tomj2417 Updated 

Here I go again. Looking for a top. A couple of targets for my suggested wave 5 , the 1.618 extension of wave 1 or the 0.618 extension of waves 1 to 3 (which also coincides with the 1.618 extension of wave 1). If I am correct on the count here then my wave 3 is also the same as wave 1. I've chucked in a parallel channel for good measure too. Now lets watch it...

tomj2417

I started looking at this chart to see where I thought this thing would start a decent correction and ended up with this super bullish count. I do have a more bearish scenario that suggests that the price action from January 2018 is a much longer 4th wave correction as part of an expanding flat or some kind of flat correction and we can still expect a C wave down....

tomj2417 Updated 

Sometimes I will look at the long term chart and as pessimistic as I can be come up with a count like this. Far fetched...yes. Impossible.....no. Some lovely Fibonacci measurements on this long term chart. I appreciate that TradingView finally added the log measurements a little while back to make this type of "analysis" possible.

tomj2417 Updated 

Some commentators I occasionally read are calling for a prolonged decline in the US dollar, that they believe topped back in January ,2017. But sometimes I'm not so sure. These two counts both reach the same conclusion though and thats there may be some upside to the US dollar. The blue count is part of a decline camp and is labeling it as an ABC correction after...

tomj2417

Taking another look at this Pound correction and perhaps this is another count for this pair. It still suggests a deeper correction for the pair but suggests that there might be still room for some decent upside.

tomj2417

The Pound has gained nearly 17% against the Yen since August. It is now hitting a decent line of resistance with multiple 'hits' dating back to 2016. I'm not sure it's time for a turn but it could be due a decent correction at least. The red count calls for a large correction while the more optimistic blue count suggests a smaller correction.

tomj2417

I've marked this count as an ABC as it's too early for me to say if it's impulsive or corrective. However, this count would suggest some EURO strength at least in the medium term. The EURO is strongly correlated to GOLD too so that may be worth keeping an eye on. The count is a little tenuous but I like the way that waves 1 and 3 are equal and how the extended...

tomj2417

Another chart that serves as a proxy for precious metals and gold mining showing perhaps that we could be due a 5th wave. Would need some more confirmation for my liking though.....

tomj2417

As far as corrections go it is not a long one or a deep one so we are just looking at possibilities here. However, it is possible that mining could go on a tear from here as long as it doesn't turn into a much longer correction. As always, price will confirm one way or another.....

tomj2417

A constructive count for silver? As always, lots of different ways to look at this but I quite like this one because the 16.185 level will tell me one way or the other if this count has any merits or not.

tomj2417

Is ZIV (and by proxy equity markets) shaping up for a big move?

tomj2417

Early days and a the count is a little tenuous but I still reckon that this chart may be worth keeping an eye on going forward.

tomj2417

This stock has made someone a lot of money as it has really been on a rocket ride since it started it's climb from around $4 back in 2009. This count suggests that it still may have another wave up of it's current leg with the question for me being whether the 4th wave correction finished already or if it has another leg to correct before continuing on it's way.

tomj2417

Another equity chart and another bullish count for one of the UK's largest trusts (holds mostly tech companies). A bit of confluence there on the next top too.....

tomj2417

As I go through my world equity indexes I am seeing, to me anyway, some really bullish looking charts. Of course, this could be a classic contrarian signal but if I'm right.......

tomj2417

It's hard not to be bullish when I see a chart like this. Up, up and away....?

tomj2417

In my run of obscure UK listed ETF's today here's one of 20YR+ US Treasuries. Not sure if this count is suggesting weakness in Pound Sterling or strength in Treasuries or a bit of both.....or another option....it's totally wrong.